National Fuel Gas Company $NFG Shares Purchased by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its stake in National Fuel Gas Company by 14.9%, owning approximately 69,353 shares valued at $5,875,000 after purchasing additional shares in Q2.
• National Fuel Gas recently reported $1.64 EPS for the latest quarter, surpassing analysts' expectations, with a revenue of $531.83 million, showing a 27.4% increase year-over-year.
• The company declared a quarterly dividend of $0.535 per share, reflecting a 2.5% dividend yield, with a payout ratio of 80.45% as of October 15th.

Foster & Motley Inc. raised its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 14.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 69,353 shares of the oil and gas producer's stock after buying an additional 8,993 shares during the period. Foster & Motley Inc. owned about 0.08% of National Fuel Gas worth $5,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. LSV Asset Management boosted its holdings in shares of National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock worth $170,515,000 after purchasing an additional 491,890 shares during the last quarter. Invesco Ltd. boosted its stake in National Fuel Gas by 93.7% in the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after acquiring an additional 460,100 shares in the last quarter. Mackenzie Financial Corp boosted its stake in National Fuel Gas by 98.9% in the first quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer's stock valued at $56,672,000 after acquiring an additional 355,800 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in National Fuel Gas in the first quarter valued at $20,892,000. Finally, Nuveen LLC acquired a new stake in shares of National Fuel Gas during the first quarter worth about $17,809,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFG. Weiss Ratings restated a "hold (c+)" rating on shares of National Fuel Gas in a report on Tuesday. Bank of America raised National Fuel Gas from an "underperform" rating to a "buy" rating and raised their price objective for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Scotiabank lowered National Fuel Gas from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Finally, Wall Street Zen downgraded National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, National Fuel Gas presently has an average rating of "Moderate Buy" and an average target price of $98.00.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $85.69 on Friday. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $94.13. The firm has a market cap of $7.74 billion, a P/E ratio of 32.22, a P/E/G ratio of 0.43 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $87.73 and a 200 day simple moving average of $84.16.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. During the same period in the previous year, the firm posted $0.99 EPS. The firm's revenue was up 27.4% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Sell-side analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.535 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas's payout ratio is currently 80.45%.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.

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